China becoming the world’s largest corn importer has always been a question of when, not if – a point underlined by the recent forecasts from the US Department of Agriculture.
These show China, which is already the world’s leading importer of soyabeans, will overtake Japan in 2020 at the top of the corn purchasing leaderboard. (The world’s most populous country will leapfrog South Korea as the third top corn importer in 2017 and take Mexico’s number two spot in 2019).
China’s corn imports, which are currently 5m tonnes, are projected to rise to about 16m tonnes by the end of the decade and 22m tonnes by 2023/24 as increased demand for meat fuels the need for livestock feed.
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